ECONOMY

Sep 30 10:20

Raising minimum wage reduces poverty while increasing GDP in Brazil

The Center for Economic and Policy Research (CEPR) released a research paper today that looks at social and economic indicators, as well as policy changes that have occurred since 2003 in Brazil.

“The lives of tens of millions of Brazilians have been transformed by the economic and social policy changes of the past decade,” said CEPR Co-Director Mark Weisbrot, lead author of the paper. “A sharp increase in economic growth, combined with increased social spending, large increases in the real minimum wage, and increased bargaining power for labor allowed for greatly reduced poverty and unemployment, as well as declining inequality.”

“These changes appear to be durable, having mostly withstood the world recession and the slowdown in worldwide economic and trade growth of the past few years.”

Webmaster's Commentary: 

"No, no, no, no, NO! WE are supposed to have all the money! We are doing God's work! You wanna go up against GOD! Huh? HUH??" -- Gold in my Sacks

Sep 30 10:04

Did The Winter War Just Begin? Russian Gas Supplies To Europe Plunge 15%, Ukraine Transit Slashed 54%

Just a week ago, the Russian energy minister made the first public 'threat' of gas supply "throttling" disruptions to Europe but judging by the data that has just been released, it appears the 'throttling' has begun. Bloomberg reports that Russian gas supplies to Europe fell 15% year-over-year in Q3 - the most in over two years - as natural gas transit through Ukraine plunged 54% year-over-year. In 2013, Gazprom sent 60% of its supply via Ukraine pipelines, in August that dropped to 39%, and in September only 34%. Of course, Europe remains confident its storage efforts will buffer any "Winter War" disruptions, as we noted here, but as Citi warned previously, "if colder weather arrives, storage levels will be drained," and then there is the Spring (and German industry needs).

Webmaster's Commentary: 

The corporate media is spinning this as an evil plot on the part of the Russians, but fails to mention that Kiev has not fully paid for the gas they get from Russia since the Junta and is arrears in the bill. Russia has every right to shut off the valves just as your gas company will do if you do not pay the bill.

Sep 30 09:49

“Very pleased we have entered into relations again with American Government” -Rothschilds, 1878

In 1878, the Rothschilds were back in business with the US government (after having been chased out of DC by Andrew Jackson in the 1830’s), as detailed by this cable discussing the Rothschild refinancing of American debt:

Messrs. Rothschild & Sons to Mr. Sherman.
[Cable message.]

April 12,1878.
Hon. John Sherman,
Secretary of the Treasury, Washington D. C.:

Very pleased we have entered into relations again with American Government. Shall do our best to make the business successful.

ROTHSCHILDS.

We’ve now established that the Rothschilds “entered into relations” with the US government in 1878.

Sep 30 09:46

Worker Groups 'Alarmed' White House May Delay New Minimum Wage, Overtime Rule

It was once part of President Barack Obama's "We Can't Wait" economic agenda. But now the wait might be getting even longer.

The Labor Department is considering delaying a long-awaited rule that would extend new workplace protections to home care workers -- a possibility that has advocates for low-wage workers steamed.

In a letter addressed to Labor Secretary Tom Perez on Monday, more than 40 labor and advocacy groups said that they were "alarmed" by suggestions that officials might delay the new regulations and put a "historic workplace victory in jeopardy."

"The basic rights of two million home care workers -- predominantly women and disproportionately women of color -- once again hang in the balance, as the administration appears at risk of faltering in the face of opposition," they wrote.

The letter included signatures from the AFL-CIO labor federation, American Psychological Association and the National Employment Law Project, among others.

Webmaster's Commentary: 

A memo to the members of these groups: did you ever, for one millisecond, believe that this man, the ever-faithful servant of the banks and large corporations, represented YOU?!?

IF so, I would imagine that the absence of movement on this cause is a very rude awakening.

Obama's faux populism is simply that; an act, nothing more, nothing left. I am sorry that hurts right now, but it is the cold, hard reality.

By the time a national candidate is carefully vetted by the major corporations in this country, which expect those candidates to do their will, they no longer represent the people of this country at all.

Sep 30 09:31

US AFRICOM to establish its own Air Command

Come the start of October US Air Forces Africa will be activated and given the designation of the 17th Air Force.

This announcement was made at Ramstein Air Base in Germany by General William Ward, Commander of US Africa Command (Africom).

Welcoming the US Air Forces Africa to Africom he said it was a major undertaking involving hard work to establish a new air force service component command from the ground up.

The airborne component of Africom, Ward said, will have the same mission. That is to In concert with other US Government agencies and international partners, conduct sustained security engagement through military to military programmes, military sponsored activities and other military operations as directed to promote a stable and more secure African environment in support of US foreign policy.

Webmaster's Commentary: 

This is simply about determining who gets Africa's vast natural resources, and assuring that those resources will only be sold in US dollars.

Sep 30 09:28

In the shadow of Iran a new UAE oil port is transforming energy sector

In response to Iran’s strategic grip over oil passing through the Strait of Hormuz, a new export route for crude from the Persian Gulf is growing on the coast of the Arabian Sea, with the potential to transform global energy markets.

Giant tankers now queue in lines stretching for miles to load oil or refuel at Fujairah – a sleepy sheikhdom in the United Arab Emirates (UAE) – after the government invested billions of dollars into building a giant oil pipeline across the rugged Hajar mountains, with the aim of ending the potential stranglehold that Iran could place on the nation’s exports of crude.

The 21-mile-wide Hormuz channel handles a third of the world’s oil-tanker traffic and connects the Persian Gulf’s sheikhdoms to the Arabian Sea. Fears that Tehran could choke off exports shipped through it have been a concern weighing on oil markets for decades.

Sep 30 09:02

One-Fifth of U.S. Workers Were Laid Off in Past Five Years

One in five U.S. workers was laid off in the past five years and about 22% of those who lost their jobs still haven’t found another one, according to a new survey that showed the extent Americans have struggled in the sluggish labor market since the Great Recession ended.

Those who did find work had a difficult time with their job search and the effects of unemployment, the survey by the John J. Heldrich Center for Workforce Development at Rutgers University found.

Nearly 40% said it took more than seven months to find employment and about one in five of laid-off workers said all they could find was a temporary position.

Webmaster's Commentary: 

There is no "recovery" economically, except for the one percenters.

Sep 30 08:59

Average Americans Grow Poorer as U.S. Per Capita Wealth Reaches New High

A study by economists at the University of Michigan for the Russell Sage Foundation showed that, in 2013, the median American household saw its total assets fall by 36% from 2003. Over the same time period, the total wealth in the United States grew by over 80%.

With total wealth growing and median wealth declining, the average American’s nest egg is getting smaller and smaller despite greater wealth per person in the country. A Credit Suisse study from earlier this year showed that an American’s median net worth was just $45,000. In other words, the typical American has total assets that are just 15% of the actual per capita wealth in the United States.

At the same time, the average millionaire in the United States has $50 million in total assets.
Debt, Wealth Per Capita

Webmaster's Commentary: 

This situation is totally unsustainable, economically.

Sep 30 08:38

House prices see widespread slowdown in July

Here’s one sign that the cooling off for housing appreciation has become widespread: The hot San Francisco housing market actually saw home prices drop in July, marking the city’s weakest result since early 2012, according to data released Tuesday morning.

Sep 30 08:31

Federal Judge Rules Detroit Residents Have No “Fundamental Right” to Water

Rhodes dismissed a lawsuit filed by victims of the water shutoffs, which argued that the city’s policy was doing irreparable harm to residents and threatened to create a public health disaster. The residents argued that the city’s policy violated the 14th Amendment’s prohibition against a state “depriving any person of life, liberty, or property without due process of law” and the principle of “equal protection” under the law, since service to major corporations, which failed to pay, had not been discontinued.

Webmaster's Commentary: 

Sep 30 08:29

Ebola-stricken Liberia is descending into economic hell

Liberia, the West African nation hardest it by Ebola, has begun a frightening descent into economic hell.

That’s the import of three recent reports from international organizations that seem to bear out the worst-case scenarios of months ago: that people would abandon the fields and factories, that food and fuel would become scarce and unaffordable, and that the government’s already meager capacity to help, along with the nation’s prospects for a better future, would be severely compromised.

Webmaster's Commentary: 

Agenda 21? NSS memorandum 200? Just bad luck?

Sep 29 12:38

AT&T’s congestion magically disappears when it’s signing up new customers

AT&T yesterday began offering “double the data for the same price” to new customers and existing customers who sign new contracts, apparently forgetting that its network is so congested that speeds must be throttled when people use too much data.

Like other carriers, AT&T slows the speeds of certain users when the network is congested. Such network management is a necessary evil that can benefit the majority of customers when used to ensure that everyone can connect to the network. But as Federal Communications Commission Chairman Tom Wheeler has argued, the carriers’ selective enforcement of throttling shows that it can also be used to boost revenue by pushing subscribers onto pricier plans.

Sep 29 11:04

A (yacht)

M/Y "A" is a luxury motor yacht designed by Philippe Starck and Martin Francis,[6][7][8] and constructed by Blohm + Voss at the HDW shipyard in Kiel, Germany.[5][9] It was commissioned in November 2004, and delivered in 2008 at a rumoured cost of US$300 million.[10][11] With a length of 119 metres (390 ft) and displacing almost 6,000 tonnes, it is one of the largest motor yachts in the world.[9][12]

Named for the first initial of its owners, Andrey and Aleksandra Melnichenko, its provocative styling has polarized opinions since its launch.[13] It has evoked comparisons with submarines and stealth warships, while commentators have referred to it as the "most loved and loathed ship on the sea".[14][15]

Webmaster's Commentary: 

This yacht was here in Hawaii not too long ago. A reminder of how ostentatious the money-junkies love to be! A friend on Kauai said they were glad to see it leave following the owners' acting like they could go anywhere and do whatever they wanted on shore without regard for local laws.

Sep 29 09:40

The Plunge Protection Team Is Opening An HFT-Focused Chicago Office

For several days we had heard a persistent rumor, that one of the most famous members of the New York Fed's Markets Group, also known as the Plunge Protection Team, Kevin Henry was moving to the HFT capital of the world, Chicago. We refused to believe it because, let's face it, when the trading desk on the 9th floor of Liberty 33 needs to get its hands dirty in stocks, it simply delegates said task using just a little more than arms length negotiation, with the world's most levered HFT hedge fund: Ken Griffin's Citadel. Why change the status quo.

And then, it turned out to be true...

Sep 29 09:33

Mississippi Sued Over 'Hellish' Conditions in For-Profit Prison

At the East Mississippi Correctional Facility, sometimes incarcerated people are forced to resort to starting fires to get attention from negligent staff. (Photo: ACLU)

Denial of food and medical care. Cells and floors soiled with blood, urine, and feces. Excessive force by prison guards. Weeks, months, and years in solitary confinement.

These are the conditions found at a "special needs" for-profit prison, the East Mississippi Correctional Facility, which is tasked by the state's department of corrections with incarcerating 1,200 people, approximately 1,000 of whom have severe psychiatric disorders, according to a legal motion filed Friday.

Webmaster's Commentary: 

THIS is what happens when you allow criminals to be incarcerated in for-profit prisons.

Of course, these contracts were well and truly purchased by these corporations, most probably in the form of bribes to the officials of the Mississippi Department of corrections.

This country has not been able, collectively, to make up its mind as to whether to punish or rehabilitate, so it winds up punishing, which nearly guarantees higher rates of recidivism.

Sweden is emptying its prisons, because of its commitment to rehabilitation; the US's prison population keeps growing. What is wrong with this picture?!? BLOODY EVERYTHING!!

Sep 29 08:58

KRUGMAN: Mario Draghi Probably Can't Save Europe On His Own

In an interview, Paul Krugman explains why Mario Draghi — despite his recent stimulus measures — probably can't save Europe's economy on his own.

Webmaster's Commentary: 

Europe's economy (nor the US) cannot and will not be saved until people are ready to confront the fact that private central banks, which by design create more debt than money to pay that debt, are the cause of the problem.

Sep 29 08:08

Bank CEOs are the New Drug Lords

Bank CEOs are the New Drug Lords. Here is a list of some of the banks managed by Bank CEOs, aka the new Drug Lords, that were fined billions of dollars for fixing LIBOR rates and stealing money from clients: Lloyds Bank, RP Martin, Barclays, Deutsche Bank, Royal Bank of Scotland, Société Générale, JP Morgan, Citigroup, Barclays, United Bank of Switzerland and Rabobank. Here is a list of some of the banks in which the Bank Lords fixed FX rates and are currently negotiating fine amounts with the UK Financial Conduct Authority (FCA): Citigroup, HSBC, Royal Bank of Scotland, Barclays, JP Morgan and United Bank of Switzerland. HSBC had to pay nearly $2B in fines after its Bank CEO was allegedly caught overseeing the laundering of $7B in drug money for the notoriously violent and ruthless Sinaloa drug cartel and committing a wide array of other crimes like laundering $290MM from Russian mobsters that told HSBC bankers that their vast profits came from a “used car business”.

Sep 29 07:36

The US Has No Banking Regulation, And It Doesn’t Want Any

It is, let’s say, exceedingly peculiar to begin with that a government – in this case the American one, but that’s just one example -, in name of its people tasks a private institution with regulating not just any sector of its economy, but the richest and most politically powerful sector in the nation. Which also happens to be at least one of the major forces behind its latest, and ongoing, economical crisis.

That there is a very transparent, plain for everyone to see, over-sized revolving door between the regulator and the corporations in the sector only makes the government’s choice for the Fed as regulator even more peculiar. Or, as it turns out, more logical. But it is still preposterous: regulating the financial sector is a mere illusion kept alive through lip service. Put differently: the American government doesn’t regulate the banks. They effectively regulate themselves. Which inevitably means there is no regulation.

Sep 29 07:17

Vaclav Klaus: the West’s lies about Russia are monstrous

Whatever we decide to call the current system, he adds, it clearly isn’t working for Europe. ‘I am really shocked to see leading EU and European politicians pretending that everything is OK, which is ridiculous and funny,’ Klaus says. ‘I recently read an article by a well-known German economist, Professor Sinn, who has studied the situation in Italy. He presented statistical data which showed that GDP in Italy has declined by 9 per cent since 2000. It’s unimaginable! I don’t think communist Czechoslovakia would have survived such a long-term decline. At the same time, industrial output declined in the same period by 25 per cent! One quarter of the economy simply disappeared.’

Sep 29 06:45

Penalty for Opting Out of the Affordable Care Act Is Large ($12,240) and Growing

If you're opting out of the health-care coverage required by the Affordable Care Act, make sure you understand how much you'll owe Uncle Sam as a result.

For a family of five, the penalty could be as high as $12,240 for the 2014 tax year, experts say. And for many people, the penalty will rise sharply in 2015 and 2016.

Sep 28 07:45

Couple says eviction notice served at wrong property

Even on the eviction notice the address was listed as the house next door.

"I just can't imagine sending someone out and not identifying with specificity what you’re supposed to take custody of and what is none of your business," said Arthur Weatherly.

The Weatherlys said they also noticed that someone also had taken some of their valuables inside, including heirloom silverware.

Webmaster's Commentary: 

"Shaddap, already. Sooner or later we're going to own it all, anyway. What difference does it make just when it happens!" -- Gold in my Sacks

Sep 28 07:25

You Won’t Believe How Much Money Michelle Obama’s Ridiculous School Lunch Program Wastes On A Daily Basis

According to a WCPO report, Michelle Obama’s new school program is costing American taxpayers $4 million. And that’s not over the course of an entire year. That is how much it is costing American taxpayers on a daily basis. That’s right; $4 million each day.

A whopping 81 percent of schools have seen an increase in the number of lunches that now end up in the trash. The report also “shows that 60 percent of fresh vegetables and 40 percent of fresh fruit are being thrown away.”

Webmaster's Commentary: 

Would you be comfortable with your doctor's spouse operating on you? How about riding in a passenger jet where the controls were in the hands of the pilot's significant other?

Being the first lady does not mean Michelle is competent at anything (other than her ability to seduce and marry Obama). And just as you do not allow a doctor's spouse or a pilot's fiancee to take over their duties, nor should the first lady be accorded any authority over our lives merely because of who she married.

Sep 27 20:41

"Hope Is Not Good Policy" - Saxo Bank Warns The Entire World Is Headed For A Minsky Moment

‘Interest on debt grows without rain’ – Yiddish proverb

This proverb explains most of what goes on in policy circles these days. We are now watching Extend-and-Pretend, Episode VI: Promises for improvement amid ever growing debt levels.

In brief, we’re still working with the same dog-eared script we were introduced to all of five years ago, when markets had stabilised in the wake of the financial crisis: maintain sufficiently low interest rates to service the debt burden.

Sep 27 20:40

Iceland: Bankers convicted, unemployment down

Remember Iceland? During the high-flying early 2000s, its three main banks went berserk, paying high interest rates to international investors that accumulated deposits equal to more than 100% of the country’s gross domestic product (GDP) and making loans equal to 980% of GDP. When the collapse came, Iceland took a route not taken by Ireland, Spain, and other EU countries: Rather than bail out the banks, the government simply let them go bankrupt. The value of the krona fell by about half, the country was embroiled in disputes with the Netherlands and the United Kingdom over paying off Dutch and British depositors, and it had to take an International Monetary Fund (IMF) loan just to stay afloat.

Sep 27 09:16

Primed for work but out of a job: 1 out of 4 Americans 25-54 not working and the continued expansion of those not in the labor force.

For most Americans, the best indicator of a healthy economy is having a job. With many Americans entering older age, the number of those not in the labor force is booming. It doesn’t appear to be on the radar of people that the reason the unemployment numbers look the way they do is because a massive number of Americans simply are not counted in the labor force. This ability to ignore a large portion of your population allows the numbers to appear better than they are. But this is for the entire US population. If we look at those 25-54 we find that 1 out of 4 is without a job. This is the prime working years for many Americans. The Great Recession has been a challenge for many working families. The lack of good paying work, weaker benefits, and inflation has dug deep into the pockets of many Americans. When 1 out of 4 Americans in their prime working years is out of work, something else has to give.

Sep 27 08:01

The Secret Goldman Sachs Tapes

The reporter, Jake Bernstein, has obtained 46 hours of tape recordings, made secretly by a Federal Reserve employee, of conversations within the Fed, and between the Fed and Goldman Sachs. The Ray Rice video for the financial sector has arrived.

Sep 26 12:47

6 Restaurants Struggling With High Food Prices

We’re taking a look at six chains that are all facing a different set of challenges, yet all are having problems dealing with the rise in the cost of food. Some are able to pass the increases off to their customers, while others are not. Strategies for getting these companies back on track vary wildly, but the fact remains that they will all need to figure out a way to adapt going forward. Here are six restaurant chains struggling mightily with rising food prices.

Webmaster's Commentary: 

Being customers of some of these chains I have observed that one way they are dealing with the rising cost of food is smaller portions, an excess of cheap garnishments, and a LOT of low-cost fillers! In some cases I can almost taste the sawdust!

Sep 26 11:56

Apple shares lose £12bn as iPhone 6 is hit by new fault: Stock loses all gains it had made since launch of device last week

More than £12billion was wiped off the value of Apple yesterday after its latest iPhone was rendered unusable by a software update.

The 3.5 per cent drop in the share price meant the company’s stock lost all gains it had made since launching the iPhone 6 and iPhone 6 Plus last week.

Users of the brand new devices were cut off from telephone signal and data networks, meaning they could not make or receive calls and text messages or go on the internet away from wifi signal.

The update for the iOS 8.0.1 operating system also killed off the Touch ID function, a much-trumpeted feature that allows users to log on to their phone using their fingerprint.

Sep 26 11:27

Public Pension Funds Face $2 Trillion Shortfall, Moodys Warns

"Despite the robust investment returns since 2004, annual growth in unfunded pension liabilities has outstripped these returns," Moody's warns in its latest report on the state of public pension systems. As Bloomberg reports, the 25 biggest systems by assets averaged a 7.45% return from 2004 to 2013, but liabilities tripled over the same period leaving them facing a $2 trillion shortfall as investment returns can’t keep up with ballooning obligations. The top 25 funds account for 40% of the entire US public pension system with Illinois, Kentucky, Connecticut, and Louisiana at the top of the 'most underfunded' list.

Webmaster's Commentary: 

The reasons the pensions are underfunded is because ion 2008, Wall Street's pet ratings agencies rated the mortgage-backed securities as Triple-A, which made it legal for pension funds to invest in them. Of course, the mortgage-backed securities turned out to be a gigantic fraud (for which no Wall Street executives were ever arrested) and that is why pensions are in trouble, only nobody has the courage to point the finger of blame where it belongs!

Sep 26 11:25

1 in 4 Americans 25-54 Not Working

A new chart from the minority side of the Senate Budget Committee shows a startling fact: Almost 1 in 4 Americans between the ages of 25-54 (or prime working years) are not working.

Webmaster's Commentary: 

"And simply by waving my magic statistical wand, PRESTO CHANGE-O, the unemployment rate magically shrinks to only 6%!" -- Official White Horse Souse

Sep 26 09:59

Imagine banks that support prosperity for everyone - not just the rich.

The Public Banking Institute is an education, research, and action organization dedicated to fostering a new economy based on a network of publicly-owned banks that operate in the public interest. This is not a new or radical idea - there are abundant successful examples of public banking around the world - but currently only one in the US, where Wall Street has tried to erase the idea from our collective memories for over a century.

Sep 26 09:56

Tapes showing meek oversight of Goldman are about to rock Wall Street

Wall Street is about to be rocked by secretly recorded audio tapes that purport to show a too-cozy relationship between the New York Federal Reserve Bank and the financial institutions it is supposed to regulate.

The 45 hours of tapes, made by Carmen Segarra, a former NY Fed worker, capture former co-workers, whose job was to keep banks like Goldman Sachs in line, instead deferring to the banks, being unwilling to take action and being extremely passive, according to NPR’s “This American Life,” which obtained the tapes and is scheduled to air a program about the matter Friday night.

Webmaster's Commentary: 

A privately-owned central bank was given the task of regulating Wall Street, who are their best customers? Oh yes, that makes sense!

Sep 26 09:26

Russia’s Gold Reserves Continue To SOAR

Latest official gold reserve data from the International Monetary Fund (IMF) shows that Russia again added to its gold reserves in August, with the Central bank of the Russian Federation purchasing 232,510 ozs (7.23 tonnes) and bringing its total gold reserves to 35.769 million ozs or 1,112.5 tonnes.

Webmaster's Commentary: 

The more Russia (or anyone else) buys gold, the harder it is for the Federal Reserve to replace the gold they "borrowed" from other parties!

Sep 26 09:20

Currency Wars ! Russia, Kazakhstan Buy Very Large 30 Tons Of Gold In August

Russia and ex Soviet States Kazakhstan, Kyrgyz Republic and Azerbaijan continued to accumulate significant gold reserves in August in a trend that we highlighted last month.

Sep 26 09:19

Standard & Poor’s Warns on Germany as Anti-Euro Political Party Soars in Popularity

German parliamentary elections are coming up on Sept. 22, and Chancellor Angela Merkel has a problem on her hands. A euro-skeptical political party known as AfD is rising in the polls and could deny her Christian Democratic Union and its coalition partners the majority they need to continue governing.

AfD, or Alternative for Germany, currently holds no seats in the Bundestag, and until recently it barely registered in public-opinion polls. But a survey released on Sept. 4 by the Forsa polling group showed it with 4 per cent support—just shy of the 5 per cent needed to win Bundestag representation.Peter Matuschek, Forsa’s chief political analyst, says the poll may have underestimated the party’s strength. Many supporters, he told Spiegel, “are too embarrassed to admit that they are planning to vote for the AfD,” which wants Greece, Spain, and other crisis-hit countries to leave the euro zone, and possibly break up the existing monetary union itself.

Webmaster's Commentary: 

No problem. I'll bet the bastards who rigged Scotland's referendum to keep it slaved to the Bank of England are already headed to Berlin to repeat the favor for the ECB!

Sep 26 08:34

JIM ROGERS WARNS: PREPARE , WE ARE ON THE BRINK OF A VERY SERIOUS COLLAPSE THAT WILL END WITH CURRENCY TURMOIL, FOOD SHORTAGES, PANIC, SOCIAL UNREST AND A TOTAL SHAKEDOWN OF AVERAGE CITIZENS.

It’s pretty scary what’s going on in Europe…when they start taking money out of people’s bank accounts. I, for one, am making sure I don’t have too much money in any single bank account anywhere in the world.
Now there is a precedent…The IMF has said loot the bank accounts. The EU has said loot the bank accounts.
So you can be sure that other countries, when the problems come, are going to say… let’s do it too.

Sep 26 08:25

Survey: Three Out Of Four Americans Feel Like Recession Continues

Americans have a bleak view of the economy and their own financial situations, according to a new study from the Public Religion Research Institute.

While the Great Recession officially ended in June 2009, only 21 percent of Americans believe it's really over, while 72 percent believe it continues.

Webmaster's Commentary: 

Let's check that!

Sep 26 05:58

Terrorism Financed by HSBC and JP Morgan - Everett Stern-Blows Whistle

Sep 26 05:47

Max Igan regarding the worldwide debt slavery and Israel

Sep 25 13:04

What Does a Porn Star Have to Do With Your Bank Account?

In the last few months, US banks have closed down tens of thousands of accounts of “politically incorrect” customers. They include gun sellers, coin dealers, fireworks suppliers, dating services, US citizens living abroad, Muslim students, money services businesses, diplomats from third-world countries, and, yes, porn stars like Teagan Presley.

Sep 25 12:47

Lifestyles of the money-junkies - The World’s Most Expensive Watches: 8 Timepieces Over $1 Million

Webmaster's Commentary: 

A lot of people really do not see the wealth gap between the money-junkies and ... us. As I mentioned in the article about the HYT H1 Hydro-Mechanical Watch, I have a resonance with the art of fine watch making. But the $45,000 price tag for the HYT seemed a bit impractical to me, especially since my CASIO has far more functionality for only $100. But the watches in this article, topping out at $2.5 million for a wrist decoration, make anyone wearing the $45,000 HYT look like a pauper!

Sep 25 12:37

Wall Street Journal thinks $400,000 a year is just barely getting by

Webmaster's Commentary: 

But the people demanding an increase in the minimum wage are to blame for the failing economy!

Sep 25 11:43

Homeland Security Headquarters Building Is $1.5 Billion Over Budget

A massive construction project to house the Department of Homeland Security (DHS) headquarters in Washington is running over $1.5 billion over budget and 11 years behind schedule, all because of faulty government cost estimate practices.

Sep 25 11:41

Obamacare Website Costs Top $2 Billion, Almost Triple Government Estimates

What's the opposite of government efficiency? In a double-take-instigating headline, the federal government’s Obamacare enrollment system has cost about $2.1 billion so far, according to a Bloomberg Government analysis of contracts related to the project. BGOV’s analysis shows that costs for both healthcare.gov and the broader reform effort are far greater than anything publicly discussed. However, that pales into insignificance when considering health reform has cost American taxpayers $73 billion in the last four years... and counting.

Sep 25 11:39

Major Sell Program Trips 50-DMA, Sends Stocks Sliding

A "huge" institutional sell order, covering almost 200 individual stocks, is rumored to have been responsible for getting this morning's weakness across stocks going as equity indices catch down to bonds and credit. The S&P 500 broke key support at its 50-day moving-average (for first time in 2 months) and is back at 6 week lows. The Russell 2000 is now down 4.25% from the FOMC meeting last week...

Sep 25 11:38

No More Foreplay: Russia Threatens European Gas Supply Disruptions

It appears Vladimir Putin is willing to hit'em while they're down. Early European equity weakness (and safe-haven flows) on asset-freeze threats have accelerated as Bloomberg reports, Russian energy minister Alexander Novak threatens gas supply disruptions if the EU continues to re-export Russian gas to Ukraine.

Sep 25 11:14

The Campaign Against ISIL Could Cost $1.5B a Month

On September 22, the air campaign against ISIS expanded into Syria in a coordinated attack that included 47 Tomahawk missiles and nearly 50 coalition aircraft. This action had been all but inevitable since the commencement of overflight reconnaissance in Syria on August 26. Significantly, these strikes also included targets of the Khorasan Group, an al-Qaeda affiliate unrelated to ISIS. Also significantly, five Arab militaries—Bahrain, Saudi Arabia, the United Arab Emirates, Jordan, and Qatar—participated in the operation. At this stage, there are three important questions to address: the targeting of the strikes, the implications of this action, and potential challenges that might await the operation moving forward.

Sep 25 09:49

AIG shareholders sue government claiming their $182 bn bailout wasn’t favorable enough

Maurice Greenberg, former head of the American International Group (AIG), recruited prominent Wall Street players to contribute several million dollars to a lawsuit that alleges the US government bailout of AIG in 2008 was unfair to company shareholders.

Sep 25 09:49

US losing 200 million dollar every week on isis bombing.

$22-30.000 per hour fly.
$20.000 per rocket dropped
Successful flight and dropped missiles cost between $84.000 and 142.000
$ 500 billion plan on isis said that 500 billion devided to the members of isis is $30 million each.

Sep 25 09:40

All Wars Are Bankers' Wars - FULL version plus downloads.

Webmaster's Commentary: 

Facebook is still blocking the original version of the video "All Wars Are Bankers' Wars", but someone uploaded a new copy and this particular URL is not yet being blocked by Facebook.

Meanwhile, I have placed copies of the video for you to download on my server for you to post as you see fit.

Quicktime (967 meg)

MP4 (152 meg)

Please note that these videos will be shut off automatically during times of excessive server load.

Sep 25 08:40

Where Is Venezuela’s 366 Tonnes Of Gold?

Is any of the country’s gold encumbered, loaned or leased to Goldman Sachs or other banks?

* Bank of America economist on visit to Venezuelan central bank last week was allowed to view the bank’s gold vault and the gold repatriated by Former President Hugo Chavez

* Is there a possibility of this given the Venezuelan economy’s weak position?

* An arbitration court of the World Bank ruled that Venezuela needs to immediately repay $740 million to US mining company ‘Gold Reserve’.

* Repayment is connected to Venezuela having terminated Gold Reserve’s gold and copper mining project in 2009 as part of Chavez’s nationalisation of energy and mining projects

* This ruling could set a precedent for other companies to seek compensation from Venezuelan government during a time in which Venezuelan economy is weak and heavily indebted

Webmaster's Commentary: 

"THAT'LL teach Venezuela to take their gold back from us!" -- Gold in my Sacks

Sep 25 07:50

Stocks drop amid global worries; Dow falls 200 points

U.S. stocks declined on Thursday, a day after the S&P 500 jumped the most in more than a month, as Wall Street weighed reports that Russia was considering a measure that would allow its courts to seize foreign assets.

Webmaster's Commentary: 

"Yeah, yeah. Sure, sure. It's all Russia's fault! Blame Russia! That's it. Russia! Sure, sure!" -- Official White Horse Souse

Sep 24 15:32

The New Normal for the American Dream – 3 Cornerstones: Low wage jobs, high levels of college debt, and a retirement that consists of working until you pass away.

There seems to be a growing acceptance that the American Dream is hardly as accessible as it once was. Low wage jobs, higher education tuition pushing many into untenable levels of debt, and a new vision of retirement all seem to connect into one new theme. The new theme revolves on a much more challenging road in achieving the American Dream. The majority of working Americans have no sizable portion of stock wealth. In fact, close to 90 percent of stock wealth is in the hands of 10 percent of the population. That is why in spite of the rise of the stock market by 200 percent since 2009, many Americans remain gloomy when it comes to the economy.

Sep 24 15:18

Taxpayers may get legal fees from county jail debacle

Michael Grundy, Tahir Kazmi, David Edwards and Zayd Alleban - all Wayne County officials, all indicted on criminal charges and responsible for their own legal bills.

But Wayne County says that won't be the case with the latest three current and former officials charged with wrongdoing.

Shortly after Steven Collins, Carla Sledge and Anthony Parolovecchio were arraigned this morning on charges of misconduct in office and neglecting their duty in overseeing the disastrous jail deal, the county says it will cover at least $30,000 of their legal fees.

"There is no indication that we've been provided with," Collins said. "That they tried to line their own pockets or this was for personal profit or personal gain."

Collins said that it is a case by case basis when the county pays for the legal cost for a county employee.

Sep 24 12:53

The Biggest Tax Scam Ever

Some of America's top corporations are parking profits overseas and ducking hundreds of billions in taxes. And how's Congress responding? It's rewarding them for ripping us off

Sep 24 12:40

Royal Bank of Scotland chairman to move to GlaxoSmithKline

Sir Philip Hampton to exchange similar roles from bailed out bank to embattled pharmaceutical company at the end of 2015

Sep 24 10:42

U.S. Treasury's Office of Terrorism and Financial Intelligence

"The Justice department would like to the see the UANI lawsuit go away as it is aware that what is being described as "law enforcement" documents would include both privileged and classified Treasury Department work product relating to individuals and companies that it has investigated for sanctions busting. Passing either intelligence related or law enforcement documents to a private organization is illegal but the Justice Department's only apparent concern is that the activity might be exposed. There is no indication that it would go after UANI for having acquired the information and it perhaps should be presumed that the source of the leak is the Treasury Department itself."

Sep 24 09:22

FLASHBACK 1941 - "Germany Must Perish" By Theodore N. Kaufman

This dynamic volume outlines a comprehensive Jewish plan for the extinction of the German nation and the total eradication from the earth, of all her people. Also contained the possible territorial dissection of Germany and the apportionment of her lands.

Webmaster's Commentary: 


Click for larger image

In case you were wondering how we got into the last big mistake!

Sep 24 08:23

The new ‘Blair rich project’: Pushing Trans-Adriatic pipeline against Italians’ objections

Why should an olive farmer from sunny southern Italy remember Tony Blair, the former British prime minister who led the UK into the Iraq war to destroy Saddam’s imaginary weapons of mass destruction?

Sep 24 08:17

Not a saviour: Qatar says it won't liberate Europe from dependency on precarious Russian gas

Wealthy gas producer Qatar has no plans to pitch in as an alternative supplier as Europe seeks to reduce its reliance on Russian gas, Doha's energy minister told a German newspaper Tuesday.

"Qatar doesn't see itself as an alternative to other producers and exporters. We producers complement each other," Energy Minister Mohammed al-Sada told the Frankfurter Allgemeine Zeitung daily.

Sep 23 09:54

China won’t support sanctions against Moscow

China will never support any sanctions against Russia and will never join them, Valentina Matviyenko, speaker of the Russian parliament’s upper house said, citing Chinese President Xi Jinping, with whom she met on Tuesday.

Sep 23 07:44

Americans “Driving Less as Gas Sales Plummet”, Toll Roads Filing for Bankruptcy. “Recession Over” is BS. What Next?

Those obscene profits posted by Big Oil in the last few years are coming back to bite them… that mony taken from cash-strapped Americans at the pump is drying up.

Sep 22 14:18

Breaking the silence: Lois Lerner cops a plea in first ever interview

The former Internal Revenue Service official who has practically become a household name for her role in a major scandal involving her section of arguably the nation's most powerful agency, is now on the record in a Monday interview with a left-leaning Internet news and commentary website. She claims she's innocent of any wrongdoing and that she's not sorry for anything she did while at the IRS. In the vernacular of law enforcement, "she copped a plea."

Lois Lerner, who was the director of the IRS's Office of Tax Exempt Organizations, consented to an interview with Politico, the first ever. When questioned under oath by members of the U.S. Congress she twice invoked her Fifth Amendment constitutional right to "remain silent."

Sep 22 13:18

Want Obamacare? Get Ready to Share the Details of Your Life Changes With the Feds.

Americans receiving tax credits for health care they get through the Affordable Care Act are likely to take a hit on their tax refunds, warns USA Today. That's because they took an advance against those tax credits when they signed up for coverage, but come tax filing time, actual numbers may not square with earlier estimates. If that's the case (and when do financial estimates ever line up with reality at the end of the year?) the tax collectors will demand money back.

Sep 22 13:18

The American Middle Class Hasn’t Gotten A Raise In 15 Years

In 1988, the typical American adult was 40 years old, white and married, with a high school diploma. If he was a man, he probably worked full time. If she was a woman, she probably didn’t.

Twenty-five years later, Americans are older, more diverse and more educated. We are less likely to be married and more likely to live alone. Work is divided more evenly between the sexes. One thing that hasn’t changed? The income of the median U.S. household is still just under $52,000.

Sep 22 11:33

Fitch Warns: When the Dollar’s ‘Pre-Eminent Reserve Currency Status’ Erodes…

It’s very risky for an American credit ratings agency to downgrade the US Government.

Standard & Poor’s found out when it stripped the US off its AAA rating in 2011 over the debt-ceiling charade. The Department of Justice then sued S&P over its role in the financial crisis, i.e. for slapping AAA-ratings on toxic securities to pocket fatter fees from issuers. But the other ratings agencies did the same thing and have not been hounded. So S&P claimed that the “impermissibly selective, punitive and meritless” lawsuit was “in retaliation” for the downgrade.

Though the Government denied the retaliation angle, it was a lesson no credit ratings agency within the long and sinewy arm of the Government would ever forget. But now Fitch is inching gingerly toward that abyss. While it affirmed (text) the US at AAA, Outlook Stable, it threw in some potentially devastating caveats.

Webmaster's Commentary: 

It is not a question of IF the US dollar will lose its global reserve currency status: it is a question of when.

Intelligent people, world-wide, are already factoring that into their financial decisions.

Sep 22 11:29

Black Listed News Front Page Follow Us Trending Search Advertise Contact Blog RollSenators look to lame-duck session to pass Internet sales tax bill

Top Senate lawmakers think they have found a way to allow states and local governments to tax Internet purchases: Link online sales taxes to separate legislation prohibiting Internet access taxes and pass it in the post-election lame duck session of Congress. The moratorium on access taxes runs out Dec. 11. A bill by Sen. Mike Enzi, R-Wyo., titled the Marketplace and Internet Tax Fairness Act, would extend the moratorium for a decade while allowing states to require online merchants to charge sales taxes. Senate Majority Whip Dick Durbin, D-Ill., the number-two ranking Democrat, is a co-sponsor. The backers are hoping that access taxes — which would slap levies on customers for their Comcast or Verizon Internet accounts — will be the more unpopular of the two provisions and that Congress will accept the sales taxes to get rid of them. -

Webmaster's Commentary: 

Absoflippinglutely unbelievable. These folk in Congress are so collectively crooked that they have to screw their socks on in the morning.

Sep 22 10:53

Indiana toll-road operator files for bankruptcy

The debt-stricken operator of an Indiana Toll Road filed for bankruptcy protection Sunday with a plan to restructure some $6 billion in debt by selling its assets or reorganizing its business.

Sep 22 10:22

All Wars Are Bankers' Wars - FULL version

Webmaster's Commentary: 

BUMP TO THE TOP!

This is a new copy of the YouTube video, one which Facebook is not yet blocking, so feel free to post this to your Facebook friends. now!

Sep 22 09:30

US Existing Home Sales Fall in August

Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.

Sep 22 09:02

Banksters Gut Silver To Protect Fiat Paper Ponzi -- Kranzler

Sep 22 08:39

FTC shuts down $11M online diploma mill

The Federal Trade Commission on Friday pulled the plug on an online high school diploma mill that allegedly raked in $11 million since opening its virtual doors in 2006.

The FTC says the mill generally charged between $200 and $300 for its “diplomas.” Let’s call it $250. That means 44,000 individuals had “graduated” from this “school” since 2006.

Sep 22 08:31

Oil Being Sold in Rubles ~ Insider Update from Jim Willie

INITIAL GAZPROM NEFT TRANSACTIONS TO EUROPE HAVE BEGUN, THE PAYMENTS IN RUBLES… TWO TRANSACTIONS HAVE BEEN COMPLETED… THE RUSSIANS WILL PROBABLY ROLL OUT OTHER VENDORS FOR THE SAME RUBLE PAYMENT, SINCE THE TEST CASE HAS WORKED WITH SUCCESS… NEXT COMES EXCHANGES TO SET THE CRUDE OIL PRICE IN RUBLES… THE PETRO-DOLLAR IS DYING.

Sep 21 14:56

Western Sanctions to Boost Russian Industry Development: Kremlin Administration Head

Western sanctions could spur the development of Russian industry and the cooperation of Moscow with other nations, the head of the Kremlin administration Sergei Ivanov said in an interview published Sunday.

Sep 21 13:40

China advances gold exchange launch, Singapore delays contract

China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.

Webmaster's Commentary: 

The significance of China's gold exchange is that the western banking system will no longer be able to dominate the price of gold to protect their paper assets.

Sep 21 09:50

Russia warns West over 'foolish' sanctions

Russia has described as “foolish” the Western sanctions imposed on the country, warning that European countries won’t be able to return to the Russian market once the sanctions are removed.

“These foolish sanctions will pass, but international relations will continue. And currency markets will open up,” Russian Prime Minister Dmitry Medvedev said in an interview with Vesti 24 TV channel.

“The niches in our [Russian] economy, which will by then be occupied by local produces or other foreign producers... our European counterparts wouldn’t be able to come back,” he added.

Webmaster's Commentary: 

"Look, I know people in Europe are suffering from the sanctions, but no price is too great to pay to GET THOSE @#$%ING ROOSKIES!!!!!" -- Official White Horse Souse

Sep 20 19:20

French farmers torch tax office in Brittany protest

French vegetable farmers protesting against falling living standards have set fire to tax and insurance offices in town of Morlaix, in Brittany.

The farmers used tractors and trailers to dump artichokes, cauliflowers and manure in the streets and also smashed windows, police said.

Prime Minister Manuel Valls condemned protesters for preventing firefighters from dealing with the blaze.

The farmers say they cannot cope with falling prices for their products.

A Russian embargo on some Western goods - imposed over the Ukraine crisis - has blocked off one of their main export markets.

Webmaster's Commentary: 

The money-junkies in their banks order government to raise taxes and prices even as they take away the means by which the people can pay. Sooner or later, the people reach their breaking point.

Sep 20 19:18

HYT H1 Hydro-Mechanical Watch Powered with Bellows and Pistons

The saying “time is money” probably just got a completely new interpretation with the HYT H1 watch from Vincent Perriard & Company. I say this because this exclusive watch is priced at $45,000 (£29,600).

If there aren’t many watches priced that high, tell me how many watches you know whose movement is powered by bellows and pistons? The HYT H1 has pistons that move the bellows, which push and pull fluorescein around the circumference of the dial.

Webmaster's Commentary: 

File this one under "things money-junkies buy to prove they are money-junkies."

This is an interesting example of the art of mechanical watch-making, but at $45,000, not something you will see in your local middle-class shopping mall this holiday season!

Sep 20 18:56

This Is Why China Russia & China Are Now "The Enemy"

The saber rattling and attempts to lure Russia and China into military conflict are about who controls the financial world.

Sep 20 08:20

SPONSORED CONTENT - Gold & Silver IRA ~ YOU Hold the Metal

Precious metals investors are attracted to the idea of using an Individual Retirement Account to purchase physical precious metals. Nevertheless, many are hesitant to do so because someone else is holding their metal.

However, there is a type of self-directed retirement account whereby you can fund an IRA with precious metals and keep them at home.

The IRA LLC is a hidden gem to the precious metals community. The structure allows the individual to take physical, at-home, possession of certain Gold and Silver Coins with IRA funds and it is not a taxable distribution. The metal does not have to be held at a depository and can be purchased from the dealer of your choice.

Webmaster's Commentary: 

Notice: Normally we do not allow sponsored content at WRH, but Perpetual Assets has been a long time supporter of our work, and the concept presented here of a metals-based IRA in which you hold the physical metal in your own possession strikes me as a good idea in these days of rampant Wall Street fraud. So I decided to make an exception in this one case.

Sep 19 15:44

Yellen says US families need to boost savings

Webmaster's Commentary: 

"So when we have to do the bail-ins, we know where to find the cash!"

This lady is truly out of touch with what is going on out here in the real world!

Sep 19 12:24

Foodbank figures top 900,000 – Trussell Trust

New figures from food bank charity the Trussell Trust show that almost three times as many people received its package of three days’ emergency food and support in 2013-14 as did in the previous year.

Sep 19 11:11

All Wars Are Bankers' Wars

Webmaster's Commentary: 

The war is really cranking up and the bankers are having orgasms!

The original article that inspired this video is HERE and contains additional information not in the video. Facebook is blocking all posts that reference the video under the excuse that YouTube is a security threat!

Sep 18 14:47

Microsoft's axeman Nadella fills baskets with 2,100 fresh heads

Microsoft CEO Satya Nadella has brought down his axe again, sending off the next batch of the 18,000 employees he has promised will lose their jobs by the end of the year.

Sep 18 13:32

Warner Bros. Expected to Cut as Many as 1,000 Jobs

Warner Bros. Entertainment is expected to cut as many as 900 to 1,000 jobs worldwide as part of a studio-wide cost-cutting move, according to people familiar with the company’s plans. The estimated reductions would amount to more than 10% of the studio’s 9,000-person workforce.

Sep 18 12:57

ISDA Delays Overhaul of $18 Trillion Derivatives: Credit Markets

As part of the overhaul, the list of events triggering swaps is being expanded to include bail-ins, where investors are forced by regulators or governments to contribute to bank rescues. The new definitions also explicitly insure against debt writedowns, bond exchanges or conversions of debt into equity.

Sep 17 12:52

Occupy group abolishes nearly $4 million in student loan debt

On the third anniversary of the Occupy Wall Street movement, an offshoot group announced that it has erased $3.8 million worth of private student loan debt.

Sep 17 11:24

KMOV-MO: Billion Dollar ObamaCare Contractor Processes Only A Fraction Of Projected Applications

Sep 17 10:50

The REAL Reason Britain is Freaking Out About Scottish Independence

David Cameron and the British media have been freaking out about the potential Scottish independence.

They’ve blathered on about “history”, “common defense” and other red herrings.

But it’s really all about oil …

Specifically, if Scotland becomes independent, it gets to keep 90% of the revenues from its huge oil reserves.

Sep 17 10:50

A Public Bank Option for Scotland

To achieve true independence, Crane suggests the following, among other mandates:

Establish an independent Central Bank of Scotland.
Issue a new Scottish (Debt Free) Currency.
Settle any outstanding debt with new Scottish Currency.
Take Scotland out of the EU.
Take Scotland out of NATO.
Establish strict currency controls for the first 3 years of independence.
Nationalize the Scottish oil & gas industry.
Re-take control of the National Health Service.
Establish a State Employment Agency to provide work/training for all able-bodied residents.

Sep 17 10:05

The Only Problem With America's Growing Single Population Is Where They're Living

Being single isn’t a big economic drag, as long as you don’t live with your parents.

For the first time since the government started keeping this count in 1976, a majority of adult Americans (50.2 percent) are single, according to the Bureau of Labor Statistics. Economically, this worries some people. Less marriage means less spending, and less spending is bad for a spending-driven economy.

Webmaster's Commentary: 

"Don't you get it? You are SUPPOSED to get married young, breed soldiers, and line in perpetual debt. That is your patriotic duty!!" -- Official White Horse Souse.

Sep 17 08:03

US Cops Ripping Off Innocent Canadians

Michael Rivero - A surprising travel advisory issued by the Canadian Government

Sep 17 07:56

Janet Yellen Trolls America's Poor: Tells Them It Is Important To Get Rich

Webmaster's Commentary: 

So, do we get to print up money out of thin air like you do?

Sep 17 07:33

City of London vs. Scottish Independence

Scotland has a long and noteworthy history of banking. Money, savings and investing is entrenched in the culture and society. Edinburgh is the fourth largest financial centre in Europe (after London, Frankfurt and Paris). Much of this reputation has arisen from its history of innovation over the last three hundred years. The Bank of Scotland, established in 1695, one year after the Bank of England by an Act of the Scottish Parliament, illustrates the prevailing attitude to the creation of money in that era. A list of banking innovations is a useful background of Scottish banking activities.

Webmaster's Commentary: 

Scotland will simply create their own currency and their own banks. Certainly Scotland will be far better off without a private central bank issuing all of their public currency as a loan at interest!

Sep 17 07:01

Finance company shuts down vehicles too soon, lawsuit alleges

A financing company uses global positioning software to remotely shut down vehicles well before customers legally default on payments, according to a class action lawsuit filed by the Legal Aid Center of Southern Nevada.

The lawsuit filed last week in Clark County District Court against C.A.G. Acceptance LLC alleges that the company’s use of Passtime Elite GPS system violates Nevada law. The lawsuit argues that the device should be used the same as if the vehicles were being repossessed.

Sep 16 12:23

Unemployment Claims Numbers and the US Stock Market: The Harbinger of Doom That is August

Unemployment numbers can either be actual or seasonally adjusted. The week that ended August 16th, for example, saw initial unemployment claims of 298,000 which represented a seasonally adjusted rate. Economists on Wall Street put the actual number to be around 308,000 which is not necessarily uncommon given the typical differences between the numbers that are expected versus the numbers that are reported. Nevertheless, the stock market wasn’t terribly affected by those claims one way or another. There were some minor brief fluctuations but after 20 or 30 minutes, the market returned to its pre-announcement activity.

Sep 16 11:31

New Jersey loses 4th casino as Trump Plaza closes

A fourth Atlantic City casino has gone out of business.

Trump Plaza shut its doors at 6 a.m. Tuesday.

Sep 16 09:49

The New World Order is now in panic mode as its financial infrastructure is cut off

One can see the striking resemblance between the Port Arthur Massacre in Tasmania, Australia and the Massacre in the US at Sandy Nook with almost an identical distortion of facts by all those involved in these “False Flag Tragedies.”

Sep 16 09:45

Poor Americans Debt Burden Highest in History

The poorest Americans now owe 156% of their pretax income to creditors, according to a new study by the Federal Reserve Bank. The poorest have more debt relative to their net worth in American history, owing $1.37 for every dollar they own.

According to the Survey of Consumer Finances, a study conducted every three years by the Fed, the average family in the lowest 25% income bracket holds around $47,000 in debt, down slightly from 2010 but up significantly from before the subprime financial crisis that wiped out a significant amount of assets held by the American lower middle class, particularly housing.

Webmaster's Commentary: 

Absoflippinglutely unbelievable.

And certain elements in government and business accuse Americans of "hoarding cash"?!?!?

Sep 16 08:05

US and EU Sanctions Against Russia Are Backfiring [CARTOON]

Russian Sanctions Begin To Backfire

Here’s the downside of sanctions: They hurt the countries applying the sanctions as well the target countries.

A fresh measure of investor sentiment from Sentix shows confidence in the eurozone plunging sharply because of the sanctions being imposed on Russia.

Sep 16 08:03

All Obamacare plans in 5 states cover abortion in potential violation of law

All of the health plans offered by Obamacare exchanges in five states include coverage for abortions in a potential violation of the law that says at least two plans must be available to consumers who don’t want any association with the controversial procedure, according to a government audit released late Monday.

Altogether, more than 1,000 Obamacare plans offer abortion coverage in 28 states that don’t prohibit it, the Government Accountability Office said, including 95 percent of the plans in California and all of the plans in Vermont, Connecticut, Rhode Island, Hawaii and New Jersey.

Sep 16 07:59

U.S. Ranks 32nd (out of 34 OECD Countries) in International Tax Competitiveness

The Tax Foundation’s International Tax Competitiveness Index (ITCI) measures the degree to which the 34 OECD countries’ tax systems promote competitiveness through low tax burdens on business investment and neutrality through a well-structured tax code. The ITCI considers more than forty variables across five categories: Corporate Taxes, Consumption Taxes, Property Taxes, Individual Taxes, and International Tax Rules. The ITCI attempts to display not only which countries provide the best tax environment for investment but also the best tax environment to start and grow a business.

Webmaster's Commentary: 

Sep 15 15:46

Honolulu city officials vote to transfer homeless to former WWII internment camp

In a move that reeks of inhumanity and cruelty, the Honolulu, Hawaii city council approved several measures last week that criminalize the homeless population including an ordinance that bans sleeping or lying down on sidewalks. More ominously, plans are being made to transfer 100 of the most “chronic” homeless from Waikiki, the world famous tourist destination, to Sand Island, home to a former World War II internment camp for Japanese-Americans, wastewater treatment plant and former dump. During the early 1900’s, the island was also used as a quarantine station for immigrants.

Sep 15 14:43

Record S&P 500 Masks 47% of Nasdaq Mired in Bear Market

Beneath the U.S. stock market’s record-setting gains, trouble is stirring.

About 47 percent of stocks in the Nasdaq Composite (CCMP) Index are down at least 20 percent from their peak in the last 12 months while more than 40 percent have fallen that much in the Russell 2000 Index and the Bloomberg IPO Index. That contrasts with the Standard & Poor’s 500 Index (SPX), which has closed at new highs 33 times in 2014 and where less than 6 percent of companies are in bear markets, data compiled by Bloomberg show.

Sep 15 14:30

Miami Vice Prodigal son Wall Street

Webmaster's Commentary: 

This is the video clip I just mentioned on the radio show in connection to the story about how Citi, Deutsche Bank, Bank Of America Were Channels For Sending Drug Money To Colombia.

Sep 15 14:18

Rates mixed at weekly US Treasury bill auction

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.62 while a six-month bill sold for $9,997.73. That would equal an annualized rate of 0.015 percent for the three-month bills and 0.046 percent for the six-month bills.

Sep 15 11:42

Our Nation Depends on Restoring Product Liability

Sadly, we have seen a trend in recent decades for the government to protect corporations against the people, rather than protecting the people against corporations. Along with computers, other industries we are dependent on are being protected against product liability lawsuits, such as vaccine manufacturers, and other biotech corporations. This is a practice typically seen under fascist governments, and it never ends well.

The computers don't last. The software will not install. The aqueducts are leaking. The roads are cracking.

Rome is falling.

Optional Banner: 
WRH Exclusive
Sep 15 10:43

Ron Paul: Will The Swiss Vote to Get Their Gold Back?

On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s assets.

Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland’s central bank.

The Swiss referendum is driven by an undercurrent of dissatisfaction with the conduct not only of Swiss monetary policy, but also of Swiss banking policy. Switzerland may be a small nation, but it is a nation proud of its independence and its history of standing up to tyranny.

Webmaster's Commentary: 

The Swiss are about to find out that their Swiss Central Bank is not "theirs" at all, but part of a global enslavement cartel that owes no allegiance or loyalty to the nations in which they do their nefarious business.

Sep 15 10:41

Feds step up terrorist recruitment fight in U.S.

The U.S. Government is planning to step up its fight against recruiting of Americans by groups like the Islamic State in the Iraq and the Levant, Attorney General Eric Holder announced Monday.

In a video message posted on the Justice Department's website, Holder said a series of cities "across the nation" will be be chosen to participate in a pilot program that will involve an extra effort to combat the message of groups like ISIL and to intervene with those susceptible to that message before they take action.

Webmaster's Commentary: 

Attorney General Holder, that last statement is contemptibly disingenuous.

For all the policies which bring even more money for the one percenters, and marginalize the American middle ever further into poverty, this administration has been always a slave of the large corporations which put this administration into power, twice.

Decent-paying jobs have been allowed to be offshored/outsourced to the point where decent family people have been forced into taking several minimum wage jobs with absolutely no hope whatsoever for advancement, just to barely pay the rent.

This has, in turn, pushed families, and particularly children, into poverty where getting the next meal can be a big issue.

And this Federally sponsored tsunami of illegal immigrants, many of them bringing illness into this country, unchecked?!? Of course, this will lower the cost of doing business, which large corporations love.

But what about Americans looking frantically, and consistently for work who were born here, or became citizens legally?!? Have these people stopped mattering, in the larger scheme of things, to this Administration?!?

These policies, Attorney General Holder, are NOT how one creates a "...more just, secure, and free society that all Americans deserve."

You, sir, should be ashamed at how President Obama's policies have been hurting this country, both domestically, and internationally.

Of course, I fully understand that before taking your oath of office, you, and all of your associates had your conscience surgically removed.

Sep 15 08:08

China forming plans to take away gold market and price discovery power from U.S.

Since the beginning of the year, and perhaps even going back to the end of the 2008 credit crisis, gold and silver markets in both London and the U.S. have seen a massive amount of manipulation by the bullion banks in an effort to protect the dollar and reserve currency at the same time the Federal Reserve began implementing the policies of ZIRP, QE, and direct monetizing of U.S. debt. This of course has led the spot price of gold in the physical, paper, and futures markets to become depressed so much that several global miners no longer are able to make a profit from excavating and refining the precious metals.

Sep 15 07:48

Debunked: Ex-Im Bank Myths

Sep 15 07:47

The Silver Sentiment Cycle

The patterns are similar, but the potential rally from present prices in 2014 looks like it could be even larger than the 1977 – 1980 rally. Why? See below. In the early 1970s silver went from “ho-hum” to “enthusiasm” to “wow, who would believe it could go to $6.40?” After the 2008 crash silver went from “going back to 5 bucks” to “enthusiasm” to “wow, who would believe it could go above $45?”

As a reminder, after silver rallied to the then astounding price of $6.40 in early 1974, it crashed back to $3.80 and then traded sideways for 2 years. Less than 3 years later it had briefly traded at $50.00, due to a combination of inflation, debt and deficits, political issues, conflict with the USSR, fear, a market corner, and dollar weakness.

Sep 15 07:36

Dancing in the Court of Everlasting Justice.

The slathering crocodile Bankers are salivating over the planned carnage in Syria and Iraq. Their front suits are fronting for these moneychangers. Like Pez dispensers or toothpaste tubes they squeeze out endless coils of radioactive weasel shit, which gets spread like pate over the mindscreens of the blind who squirm and moan in their bondage suits. All the straps and cinches are in the right places for maximum sensory stimulus.

Sep 15 07:00

Europe Has Lost Its Monetary Mind?

Europe's Weak Because It's Uncompetitive ... In the long-running debate over Europe's feeble economic recovery, monetary policy has taken center stage as if printing money to spur demand can solve Europe's troubles. According to two newly released competitiveness reports, the real problem lies elsewhere: labor costs, which have been growing faster than productivity, and underinvestment.

Sep 14 08:06

The American Establishment Combats Resurgent “Isolationist” Threat

It had become apparent in 2013 that the American people had grown averse to America’s involvement in wars, and this was given empirical confirmation by a poll conducted by the Pew Research Center in November 2013, which revealed that 51 percent of Americans believed that their country’s military involvement was excessive.[1] Once again the bugaboo of isolationism entered the mainstream spotlight, the derogatory label being attached to those who would like to cut back America’s global intervention.[2] Opposition to the alleged resurgent isolationism united all sectors of the mainstream establishment–liberals, moderates, and conservatives, the ultra-interventionist neoconservatives and the more moderate traditional foreign policy establishment.

Sep 13 11:17

The Fed Has A Big Surprise Waiting For You

But the truth is, there is no recovery. It’s just a scene in a play. And the economy is completely shot, it only appears to be left standing because the Fed poured oodles of money into it. Or rather, into a part of the economy that it can control, that it can get the money out of again easily: Wall Street banks. And Wall Street equals the Fed.

Sep 13 10:31

Pope Francis warns that ‘piecemeal World War III’ is already here

“War is madness,” said Pope Francis on Saturday, a madness that he is worried the world is slipping collectively back into.

According to the BBC, the Argentinian pontiff was speaking from Redipuglia cemetery near Slovenia, where some 100,000 Italian soldiers who perished in World War I are remembered.

He warned that with the proliferation of conflicts large and small around the globe, that humanity has already begun to fight a “piecemeal World War III.”

“Humanity needs to weep, and this is the time to weep,” Francis said. “Even today, after the second failure of another world war, perhaps one can speak of a third war, one fought piecemeal, with crimes, massacres, destruction.”

Webmaster's Commentary: 

Unfortunately, Pope Francis appears to absolutely right on this issue.

Sep 13 08:24

End Of Empire - The 'De-Dollarization' Chart That China And Russia Are Banking On

History did not end with the Cold War and, as Mark Twain put it, whilst history doesn’t repeat it often rhymes. As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip. America’s global economic dominance has been declining since 1998, well before the Global Financial Crisis. A large part of this decline has actually had little to do with the actions of the US but rather with the unraveling of a century’s long economic anomaly. China has begun to return to the position in the global economy it occupied for millenia before the industrial revolution. Just as the dollar emerged to global reserve currency status as its economic might grew, so the chart below suggests the increasing push for de-dollarization across the 'rest of the isolated world' may be a smart bet...

Sep 13 08:20

U.S. Treasury: Boston Marathon Bombing Not 'Act Of Terrorism'

After the September 11 terrorist attacks, insurance companies paid out billions in damages — more than ever before. So in 2002, Congress agreed to help in the future by creating federally insured — and relatively cheap — terrorism coverage for businesses.

Claims under that coverage were filed for the first time after the Boston Marathon bombings. But insurance companies haven’t paid out — because the federal government doesn’t consider the Boston Marathon bombing an act of terrorism.

Sep 13 08:15

Human Beings on Track: The First Free Street Store for the Homeless in Cape Town, South Africa..

Introducing the world’s first rent free, premises free pop up clothing store found on the streets. saare free for the homeless to browse through and keep.

The folks that started this created a simple template for anyone to replicate. As a result, The Street Store has popped up in dozens of cities all around the world. You could start one, too.

Sep 13 08:15

$5 billion in loans offered to members of group

China offered $5 billion in loans to other member states of the Shanghai Cooperation Organization for project financing, in a bid to provide them more flexible trade options, infrastructure facilities and security solutions to develop a regional economy.

Sep 13 08:03

Washington Hawks Want Greater Military Spending

No nation does more harm to more people worldwide than America. None for over a longer period of time.

None match its horrendous human rights record. None its barbarity. None its lawlessness. None more threatening to humanity.

The business of America is war. Permanent war is official US policy.

Sep 12 12:49

Why New York is crumbling

New York is spending less than a third of what is needed to keep these systems in adequate repair. Local governments should be spending $3.9 billion a year. In 2012 they spent only $1.2 billion. Half of the roads are in only fair or poor condition, and a third of the bridges are deficient.

Webmaster's Commentary: 

"Governing is choosing. Governing is prioritizing. If we spend the taxpayers' money on roads and bridges then we have none left to give to Wall Street, Israel, or to bomb other countries that refuse to live the way we do!" -- Official White Horse Souse

Sep 12 09:50

Putin looks to Asia as EU announces new sanctions

"I believe it is necessary to further improve the efficiency of our interaction to meet the challenges of the time," Putin said at a summit of the Shanghai Cooperation Organisation

Sep 12 09:20

Meet The Puppetmasters: Here Are The 25 Most Politically Influential Billionaires In The US

For one answer we turn to Brookings Institution Governance Studies Director Darrell West in whose upcoming book "Billionaires: Reflections on the Upper Crust" examines the political use of great wealth, including campaign expenditures, activism through nonprofit organizations and foundations, holding public office, media ownership, policy thought leadership, and behind the scenes influence. Most importantly, it ranks the 25 most influential American billionaires.

So from the Koch Brothers, to Bloomberg, to Tom Steyer, all the way to Marc Andreesen, Donald Trump and Alice Walton, here they are, whether readers agree with the ranking or not.

Sep 12 09:10

Student debt over $50K is on the rise

Almost 19% of student loan borrowers owe more than $50,000, according to a report published last week by the Federal Reserve. Only 6% of borrowers had that much in 2001. Student loan debt now outstrips credit card and auto loan debt in America.

Sep 11 14:44

FEMA demands Sandy victims repay $5.8M in aid

After Superstorm Sandy hit the East Coast nearly two years ago, the federal government quickly sent out $1.4 billion in emergency disaster aid to the hurricane’s victims.

Now, thousands of people might have to pay back their share.

The Federal Emergency Management Agency is scrutinizing about 4,500 households that it suspects received improper payments after the storm, according to program officials and data obtained by the Associated Press through a public records request.

Sep 11 12:53

Illusioned by the Economic “Recovery”

To further encourage credit supply in the continent, the ECB also mentioned it will launch its targeted longer-term refinancing operations (TLTROs), an enhanced and improved bank lending mechanism (excluding mortgage lending). Auctions are scheduled for September and December this year. An initial USD400 billion will be up for grabs! But the biggest revelation was that the ECB would start a US-style bond-buying facility by purchasing asset-backed securities (ABS) from banks.

Webmaster's Commentary: 

The only way a credit-based economy works is if there are borrowers, and people tend to avoid borrowing when they are less than certain they can pay the loans back.

So now the EU is launching their version of Quantitative Easing. Like the US it is being billed as a temporary measure and like the US, the EU will coon realize it must be permanent.

Sep 11 08:56

American shakedown: Police won't charge you, but they'll grab your money

On its official website, the Canadian government informs its citizens that “there is no limit to the amount of money that you may legally take into or out of the United States.” Nonetheless, it adds, banking in the U.S. can be difficult for non-residents, so Canadians shouldn’t carry large amounts of cash.

That last bit is excellent advice, but for an entirely different reason than the one Ottawa cites.

There’s a shakedown going on in the U.S., and the perps are in uniform.

Sep 11 07:57

Food pantry aims to help veterans

According to the organization El Pasoans Fighting Hunger, one in seven El Pasoans has turned to a food bank for assistance over the last year.

Fifteen percent of those people are veterans.

Webmaster's Commentary: 

WE are seeing the same thing here in Hawaii.

Sep 11 07:37

Billions Withdrawn From Scotland’s Banks Ahead Of Independence Vote

Asset managers, investors and pension savers are moving billions of pounds out of Scotland, according to industry executives, amid rising concerns about the financial consequences of a Yes vote in next week’s independence referendum.

Sep 10 20:50

What Petrodollar: Russia, China To Create SWIFT Alternative

According to Itar-Tass, Russia and China are discussing setting up a system of interbank transactions which will become an analogue to International banking transaction system SWIFT, First Deputy Prime Minister Igor Shuvalov told PRIME on Wednesday after negotiations in Beijing.

"Yes, we have discussed and we have approved this idea," he said.

Sep 10 16:36

US, EU to ban Exxon, BP and Shell from oil exploration in Russia – report

The EU and the US are going to ban energy giants like Exxon Mobil, BP and Shell from searching for crude oil in Russia's Arctic, deep seas and shale formations, three American officials anonymously told Bloomberg.

Webmaster's Commentary: 

THAT'LL teach those Russians! :)

Sep 10 14:46

787 gets harsh scrutiny on Al Jazeera

Boeing watchers may find that a documentary on the Dreamliner that debuts this week on Al Jazeera English, like the 787’s smoldering batteries in 2013, produces more heat than light.

Like those powerful and problematic lithium ion batteries, however, the documentary does raise troubling questions and leave some matters unresolved.

Sep 10 14:05

Deal with creditor prompts judge to halt Detroit bankruptcy trial until Monday

The city’s bankruptcy judge temporarily halted the biggest municipal bankruptcy trial in U.S. history Wednesday after Detroit reached a last-minute deal with a holdout creditor.

Sep 10 09:48

13 years later… Propaganda & the US War Machine Featuring Michael Rivero

Join us for over a half hour of incredible content. Mike is literally full of information and strategic analyses We discuss the Bretton Woods agreement and the road to Petro dollar status, and it’s imminent demise. Mike explains the Soviet Union’s role as a seed for the development of Al Qaida, and now, ISIS, including botched US foreign policy and the consequences. We discuss 40+ years of false flags and downright accidents and the resulting wars. The gulf of Tonkin and the false initiative in Vietnam. The wreck of the Lusitania and the spark for WWI. Ukraine, Crimea and the roots of self-governance. We also explore the US/ Mex Border crisis, Police State – Ferguson, MO, Ebola, Russia and more.

Sep 10 08:33

Gov. Christie Shifted Pension Cash to Wall Street, Costing New Jersey Taxpayers $3.8 Billion

Gov. Chris Christie's administration openly acknowledged that more New Jersey taxpayer dollars were going to land in the coffers of major financial institutions. It was 2010, and Christie had just installed a longtime private equity executive, Robert Grady, to manage the state's pension money. Grady promoted a plan to put more of those funds into riskier investments managed by Wall Street firms. Though this would entail higher fees, Grady said the strategy would "maximize returns while appropriately managing risk."

Sep 10 08:10

Bank of Japan Buys Government Debt at Negative Yield

Tuesday marked another milestone in the topsy-turvy world of monetary easing in Japan: The Bank of Japan bought short-term Japanese government debt at a negative yield for the first time, according to market participants.

The BOJ scooped up some of the three-month No. 477 Treasury bill, which has traded at a negative yield for the past two trading days amid strong demand, the market participants said.

Normally, people who buy debt expect to get their money back plus some interest. Negative yield means the buyer gets back less than he or she puts in.

Why would the Bank of Japan buy under such conditions?

Sep 09 14:19

How The Fed “Mysteriously” Eliminated $7 Trillion In U.S. Debt

Anyone looking at the Federal Reserve’s own data set, that provided with the generous “free” funding of the US taxpayer by way of the St. Louis Fed’s FRED database, will notice something quite welcome, if magical: total US debt held by the public – that which is not part of intragovernment holdings, read Social Security – has mysteriously collapsed from $12 trillion to $5 trillion.

Somehow, with nobody looking, the Fed managed to reduce US total debt by $7 trillion.

Webmaster's Commentary: 

The government gets to do that, but you don't!

Sep 09 11:59

PayPal – Will Accept Bitcoin

Bloomberg reports:

PayPal … will start accepting bitcoins, opening up the world’s second-biggest Internet payment network to virtual currency transactions.

“We’re announcing PayPal’s first foray into bitcoin,” Bill Ready, the chief of EBay’s Braintree unit, said at Techcrunch’s Disrupt SF conference yesterday. “Over the coming months we’ll allow our merchants to accept bitcoin. On the consumer side it will be a sleek experience.”

EBay [the parent company of PayPal], as the world’s biggest Web marketplace and operator of a global payments service, is the most significant business to date that’s embraced bitcoin. The move could potentially enable PayPal’s 152 million registered accounts to transact using the virtual currency, spurring wider use and acceptance of bitcoin …

Sep 09 10:18

Small Business Ownership In America Is At An All-Time Low

According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded. In a report that was just released entitled "Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances", the Federal Reserve revealed that small business ownership in America "fell substantially" between 2010 and 2013. Even in the midst of this so-called "economic recovery", small business ownership in America has now fallen to an all-time low. If the economy truly was healthy, this would not be happening. And it isn't as if Americans are flooding the labor market either. As I detailed yesterday, the labor force participation rate in this country is at a 36 year low. That would not be happening if the economy was actually healthy either. The truth is that the middle class in America is dying, and this new report from the Federal Reserve is more evidence of this very harsh reality.

Webmaster's Commentary: 

Please: do not think, for one moment, that this is accidental.

Sep 09 09:59

New Jersey’s Debt is Downgraded by Fitch as Chris Christie Funnels Pension Money to Private Equity and Hedge Funds

David Sirota must be commended for his incredible work this year exposing the insidious relationship between public pension funds and “alternative asset managers,” namely private equity firms and hedge funds. It is the private equity component that has captured my attention the most due to the industry’s notoriously opaque and seemingly illegal fees.

One example I highlighted earlier this year was: Leaked Documents Show How Blackstone Fleeces Taxpayers via Public Pension Funds. The reason this relationship between public pension money and private equity is so incredibly important is because so many in the private equity world are so incredibly shady. Let’s not forget what SEC official Drew Bowden said back in May:

Webmaster's Commentary: 

Absoflippinglutely unbelievable!!

Whoever did this, and signed off on it, on the part of these companies, should be going to jail, and NOT to a "Club Fed"!! They should be made an example of, and in the worst way.

Of course that will only happen...when pigs fly.

Sep 09 09:52

Guess who's coming to dinner? The Coucil on Foreign Relations

President Obama hosted "a private dinner with a group of foreign policy experts," the White House announced last night. Among them: Sandy Berger, who was caught stealing and destroying classified documents that related to President Clinton's record on terrorism issues.

"Former National Security Adviser Sandy Berger was sentenced Thursday to community service and probation and fined $50,000 for illegally removing highly classified documents from the National Archives and intentionally destroying some of them," CNN reported in 2005.

"Berger must perform 100 hours of community service and pay the fine as well as $6,905 for the administrative costs of his two-year probation, a district court judge ruled."

Ronald A. Cass, in 2007, noted that Berger took extraordinary steps to cover up his crime:

Webmaster's Commentary: 

This little confab makes me extraordinarily nervous about what this Administration has planned to "sell" the American people on the coming war against ISIS.

I, for one, am not buying.

And this constant, verbal, IV "drip" of Obama's assurance that there will be "no US troops in the ground" in Iraq is rather sickening my stomach, rather than having the desired effect, and here is why.

The President, Congress, State Department, and Pentagon should have learned, after the debacle which was the Vietnam War, that you cannot win what is essentially a ground war from the air.

And I would like to politely suggest that one of the classic definitions of insanity is doing the same thing over and over, in precisely the same way, yet expecting a different outcome.

So I have to wonder two things: is the alleged "war" against Isis a cover for going back into Iraq, and ultimately Syria?!? The short answer is, absolutely yes.

Are we going to see this alleged "strategy" of "no US boots on the ground" escalate, and fast, to not only having a substantial number of US military boots on the ground but reinstituting a draft?!?

Were I a betting woman, I would not bet against those last two scenarios.

Sep 09 09:36

Profits Soar As Pentagon Leans on Private Corporations for Special Ops

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Profits Soar As Pentagon Leans on Private Corporations for Special Ops
September 9, 2014
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Source: Common Dreams

?Research reveals that private, for-profit corporations are integrated into some of the most sensitive aspects of U.S. special operations activities worldwide. (Photo: remotcontrolproject.org)

Private military contractors are reaping billions of dollars in profitable rewards from the U.S. government's global network of clandestine counter-terrorism and other overseas operations, according to a new report that examines the high-levels of integration between for-profit corporations and the Pentagon's global military and surveillance apparatus.

Webmaster's Commentary: 

Why do I get the uncomfortable sense that the more the Pentagon reaches out to private corporations to achieve these ends, the less secure these operations actually are?!?

Sep 09 09:08

Albania Central Bank Governor Arrested Over Theft Of $7 Million From Bank Vaults

About a month ago we mocked the Albanian central bank when reports emerged that "two employees" had been charged with the theft of some $6.6 million in cash from the bank's vaults. Specifically, back in July the arrests come five weeks after a worker at the central bank admitted to stealing money over the course of four years, taking new bank notes printed in Switzerland when they arrived at his workplace and replacing them with old books. As it turns out, since there is a central bank involved, there is once again more than meets the eye, and the story has since mutated into something far more grotesque than even we could imagine, with news coming out late last week and over the weekend that not only was the theft by "two employees" a misdirection, but that the guilty party was none other than the Albanian version of Janet Yellen, the governor of the central bank himself Ardian Fullani.

Sep 09 08:27

Russia's Response To European Capital Sanctions In One Word

While the West continues to press the "Russia is increasingly isolated" meme, it appears - as we noted ironically previously, that Vladimir Putin is finding plenty of friends... most notably China. While threats of 'asymmetric' retaliation over European sanctions may have been enough to worry Europe's leaders, the slew of news overnight regarding increased cooperation between China and Russia is likely more damaging to Western strategy (and egos).

Sep 09 07:23

Over 100,000 Homeless People Have Been Moved Into Homes & It Isn’t Stopping There! One Of The Most Profound Movements Ever!

Whether you live in a major metropolis or a small town, chances are you’ve seen homeless people sleeping or wandering the streets at some point. On those cold and ruthless winter nights I can’t help but feel compassion and misery for anyone who doesn’t have warm food, clothing, or a bed to help ease the sub-zero temperatures.

In Canada alone it is estimated that at least 200,000 experience homelessness in a year. This number is substantiated by an even larger number of homeless people in the United States, coming in at an unsettling 1.7 million. One can’t help but ask ourselves the daunting question, “what can I do to help?”

Sep 09 06:37

US banks suddenly close dozens of accounts, Muslim group suspects racial profiling

Dozens in the US have received notices that their bank accounts have been closed, without explanation. Some say the banks are trying to eliminate risk, but a Muslim civil rights group suspects racist policies and has complained to the Justice Department.

The letters have been sent to business owners, nonprofits, and students across the country, according to reports. However, no explanation has been provided in any of the notices.

Last year, reports surfaced that Iranian students studying at the University of Minnesota had their accounts closed. Now banks appear to be closing the accounts of people who have connections to Kuwait and Syria.

Sep 08 11:00

Here Is Why Europe Just Launched The "Nuclear Option" Against Russia

Europe's leaders, we assume under pressure from Washington, appear to be making a big weather-related bet with their taxpayers' lives this winter. As they unleash funding sanctions on Russia's big energy producers, Europe has pumped a record volume of natural gas into underground inventories in an effort to 'outlast' Russia and mitigate any Napoleonic "Winter War" scenario. The plan appears to be to starve Russian energy firms of cashflow - as flows to Europe are already plunging - and remove their funding ability, potentially forcing severe hardship on Russia's key economic drivers. There appears to be 3 potential problems with this plan...

1) What if the weather is considerably colder than normal this winter?

Sep 08 10:41

Over 100 teens swarm Memphis plaza, 'knocking out' shoppers

Sep 08 09:46

If The Economy Is Recovering, Why Is The Labor Force Participation Rate At A 36 Year Low?

Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not "participate in the labor force". And when you throw in the people that are considered to be "in the labor force" but are not currently employed, that pushes the total of working age Americans that do not have jobs to well over 100 million. Yes, it may be hard to believe, but there are more than 100 million working age Americans that are not employed right now. Needless to say, this is not a sign of a healthy economy, and it is a huge reason why dependence on the government has soared to absolutely unprecedented levels. When people can't take care of themselves, they need someone else to take care of them. If the percentage of people in the labor force continues to decline like it has been, what is that going to mean for the future of our society?

Sep 08 09:30

Preparing To Asset-strip Local Governments? The Fed’s Bizarre New Rules

In an inscrutable move that has alarmed state treasurers, the Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, just changed the liquidity requirements for the nation’s largest banks. Municipal bonds, long considered safe liquid investments, have been eliminated from the list of high-quality liquid collateral. assets (HQLA). That means banks that are the largest holders of munis are liable to start dumping them in favor of the Treasuries and corporate bonds that do satisfy the requirement.

Why would regulators dangerously jeopardize state and local government budgets in this way? Skeptical observers speculate that the intent is to Detroit-ize municipal governments, so that assets can be stripped as is being done in that imperiled city. The international bankers got away with asset-stripping Greece. Why not make the US itself a wholly-owned subsidiary of private banking interests?

Webmaster's Commentary: 

At the risk of sounding like a chipped CD, please have no more money in the bank than you need to handle bills; keep the rest under your personal control.

Find resources from which you can purchase small amounts of gold and silver.

Don't have anything stored in a bank deposit box, because in times of a "financial emergency", the Federal Government now has the right to expropriate whatever they find in those boxes.

Folks, something wicked this way comes, economically; the best you can do is be as prepared for it in the most intelligent way possible.

Sep 08 08:19

Japan says economy contracted 7.1 percent in 2Q

Japan's economy shrank more sharply in the second quarter than first estimated and the latest indicators suggest only a modest bounce back since then.

Webmaster's Commentary: 

The problem with globalism is that nations like Japan and China have become dependent on the United States as perpetual (over)consumers of their exports. As the US economy decays, so too do those revenue sources, dragging other nations down with us.

Sep 08 07:53

Poverty levels accelerating in the US

Unemployment is leading to poverty levels that haven't been seen in the US in decades.

"This could be a bend point in our economy."

Many middle class are finding themselves sinking into poverty.

Blacks, Latinos, and 50+ are getting hit the hardest.

Whole industries that created jobs in the past - construction for example - are simply drying up.

Sep 07 18:51

Latest IRS email loss evidence of out of control government under Obama

The latest report on Friday describing suspected lawless behavior by the United States' most powerful law enforcement agency is being characterized as an arrogant and cynical insult to the intellect of the American people and evidence of out of control government under Barack Obama.

Officials from the Internal Revenue Service (IRS) -- an organization known for its sometimes questionable, ruthless pursuit of taxpayers -- told members of a House of Representatives' committee on Friday that five additional workers allegedly linked to the agency’s Tea Party and conservative targeting scandal appear to have lost emails due to computer problems.

Sep 07 08:18

On The Brink Of A Major Crisis: “This Will Be A Literal Collapse of the Entire Global Monetary System”

Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.

Webmaster's Commentary: 

There are 196 nations on Earth. If only 66 are tied to the US dollar, then by definition the US dollar has already lost the status of a "global" currency.

Sep 07 08:07

Lap Dancers, the CIA, Pay-offs, and BP’s Deepwater Horizon

The BP executive was explaining to me how the CIA, MI6 and British Petroleum engineered a coup d'état, overthrowing an elected president of a nation who was “not favorable to BP.” The corporation's former Vice-President, Leslie Abrahams, is pictured here, holding an AK-47 in front of BP headquarters in Baku, Azerbaijan. Like most of the other BP executives I spoke with, he proudly added that while he was working for BP, he was also an operative for MI6, British intelligence.
The conversation was far from the weirdest I had in my four-continent investigation of the real story of the Deepwater Horizon.

The BP oilrig blew out on April 20, 2010, four years ago this Sunday.

Sep 06 15:18

Interview with Sergei Glaziev - Advisor to President Putin

Subtitles in english, french,german, and (NEW) KOREAN
Konstantin Semin’s interview with Russian Presidential Advisor Sergei Glazyev on July 24 2014.

Sep 06 09:46

Housing Bubble 2 Hits Wall: Middle Class Priced out of Market

With home prices rising for three years in much of the country, and soaring at dizzying rates in a number of metro areas, the inevitable is happening: sales stalled. But prices have continued to rise, even as sales have deteriorated further. Something has to give. And it’s not going to be maxed-out American consumers. They’re not going to all suddenly inherit enough money to buy these mid-range homes that have moved beyond reach.

But something else is happening.

Webmaster's Commentary: 

Economically, look for a major correction in the stock market, accompanied by a rash of home foreclosures in the very near future.

Sep 06 08:47

Mitt Romney: Military Cuts May Decimate US Defenses

In the midst of international crises triggered by Russia, China and the Islamic State, the White House and Congress risk "decimation of our defense" – and security – with continued cuts to the nation's military, former Massachusetts Gov. Mitt Romney warns.

Webmaster's Commentary: 

Note that China has now officially made the Special High Interest Targets list!

But Romney is flat out wrong here. The international crisis has been triggered by the US, going back to the Project for the New American Century and its policy of using the United States, the world's sole superpower, to conquer the rest of the planet!

Sep 06 08:40

CDC caught in billion-dollar scheme to to sell vaccines

This is precisely the state of affairs at the Centers for Disease Control. The agency is, first and foremost, a PR machine. It promotes products. For example: vaccines.

So when CDC whistleblower William Thompson emerged from the shadows on August 27 and admitted he’d participated in research fraud, thereby giving the dangerous MMR vaccine a free pass by claiming it had no causal connection to autism…

he was illustrating a primary mission of his employer, the CDC: spread propaganda assuring the public that vaccines are safe.

Science? Are you kidding? The “research” effort of the CDC is just another way to do PR.

Sep 06 08:23

Guatemala Rejects U.S. Trade Law Protecting Monsanto and GMOs

Big Biotech's promise to feed the world, by squeezing out every other choice against the will of the impoverished people intended as the target - is beyond cruel and exploitative. It is another way that the U.S. occupies other countries. How else are other people in these countries supposed to view multiple soft-sanctions on food, but as an act of war?

The people of Guatemala caught on to the deceptive nature of a U.S. Trade Agreement with Central America which was marketed as a way to "modernize" them. It also pretends to protect new seed varieties and paints the seed bearers in need of protection as small farmers. It is actually a way for big biotech and seed companies like Monsanto, DuPont, Duwest, Syngenta, etc. to assume power and immunity as owners of their food supply.

Sep 05 08:32

War Bucks: NATO Leaders to Vow to Lift Military Spending

Leaders of the North Atlantic Treaty Organization will pledge at a summit here to lift their military spending to 2% of each country's gross domestic product over the next 10 years, according to three officials familiar with the negotiations over the summit communiqué.

Sep 05 07:05

NATO Dead, King Dollar Wrecked

the USDollar is under siege despite its rising exchange rate

a Global Paradigm Shift is underway

the Ukraine War has brought about a heightened urgency

Europe must make a decision to preserve its economy, or to support the USD

the European nations will work to install the Gold Standard, and thus will preserve their economies and industry and jobs

Special Forces professional troops from Germany, France, Netherlands, and England are fighting against NATO forces in Ukraine

easy conclusion: NATO IS DEAD

Sep 04 09:26

FLASHBACK 2010 - Is America Becoming A Third World Country?

Webmaster's Commentary: 

We are all Detroit now!

Sep 04 08:46

Export-Import Bank costs taxpayers $2 billion a decade

Ex-Im is a federal agency that subsidizes U.S. exports through direct loans and loan guarantees to foreign countries. Ex-Im’s charter expires this fall, and conservative Republicans want to let the agency die. In its defense, officials at Ex-Im and the White House — joined by lobbyists for manufacturers and banks — typically assert that Ex-Im is free.

“The Ex-Im Bank doesn't cost the American taxpayer a dime,” the U.S. Chamber of Commerce posted on Twitter on May 20. Ex-Im “pays for itself and makes a profit,” Ex-Im President Fred Hochberg likes to say.

False.

Sep 04 08:33

Operation Choke Point could soon grip casinos

It has already hit gun and ammunition dealers. It has shut down pawnshops and short-term lenders. It has caused banks to discharge potentially thousands from their customer rolls who’ve done nothing illegal or improper. The next casualty will be America’s casino and gaming industry.

Operation Choke Point is a government program that the U.S. Department of Justice has said was designed to combat fraud in the marketplace, but its impact has been felt among law-abiding, legitimate businesses far more than unscrupulous bad actors. Operation Choke Point is a joint DOJ and FDIC program that allows these federal agencies to intimidate banks and payment processors into ending financial relationships with lawfully operating businesses. The casino industry is the next target.

Webmaster's Commentary: 

Choke point is another US Government botch-up like the no-fly list, which has some 21,000 people on it even though no actual terrorist has been caught trying to board a US aircraft since 9-11. The government is harming the innocent, failing to catch the guilty, and has the arrogance to demand that you pay for this abuse!

Sep 04 07:59

Monetary policy decisions

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.05%, starting from the operation to be settled on 10 September 2014.

The interest rate on the marginal lending facility will be decreased by 10 basis points to 0.30%, with effect from 10 September 2014.

The interest rate on the deposit facility will be decreased by 10 basis points to -0.20%, with effect from 10 September 2014.

Sep 03 15:17

European Commission Gives Green Light to More Sanctions Against Russia

The European Commission approved Wednesday a proposal to significantly expand sanctions against Russia, but the final decision is yet to be made by the European Union members.

Sep 03 15:17

Wall Street Declares Victory Against the American People: The Banking Elites are Now Waging War against One Another

Of course, virtually all Democratic aristocrats are already pouring money into the place-holding fundraising campaign for Clinton’s expected entrance into the Democratic Presidential contest.

This means that virtually the entire aristocracy will be flooding Clinton’s Presidential war-chest, unless Jeb Bush seeks the Republican nomination.

Sep 03 14:04

'Hoarding Money' - A New Meme?

Fed: US consumers have decided to 'hoard money' ... One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their "willingness to hoard money." – CNBC

Sep 03 12:43

Kurdish ‘ghost’ oil tanker reemerges near Texas – with $100mn cargo

A “ghost ship” oil tanker carrying approximately $100 million of disputed Iraqi Kurdish crude oil has reappeared on satellite imagery near the US coast Monday, after disappearing for several days. The tanker seems not to have offloaded its oil.

According to the US Coast Guard and Reuters, the tanker, United Kalavrvta, is still 95 percent full and has not yet unloaded its cargo. The vessel was anchored Monday in the Galveston Offshore Lightering Area, close to its previously known position.

The Iraqi government has deemed this shipment of Kurdish crude oil illegal. Baghdad filed a lawsuit in the US in June, preventing any purchaser from unloading the Kurdish shipment.

Sep 03 11:54

10 percent of SoCal homeowners remain underwater despite recent increase in home prices.

You would think that the recent rise in home prices across Southern California would be enough to bring most homeowners into a positive equity position. However, we still have 1 out of 10 homeowners in a negative equity position. The total number of homes underwater in SoCal is estimated to be at 288,000 according to CoreLogic. This is a far cry from the 1.1 million underwater homes going back to 2009. Since that time many foreclosures have occurred and many homes have now shifted into the hands of investors.

Sep 03 11:31

Bankruptcy judge orders mediation on Detroit water

The judge handling Detroit’s bankruptcy case has ordered mediation in a lawsuit that seeks to block the city from shutting off water to customers for unpaid bills.

U.S. Bankruptcy Judge Steven Rhodes heard arguments Tuesday on a request for a temporary restraining order from critics of the city’s water department.

Sep 03 10:32

Ukraine to Need Another $19 Billion from the IMF

Ukraine is already on the hook to the IMF to the tune of $16.7 billion. Today the IMF reassessed: Ukraine Crisis Hits Economy and Could Require Bigger loan.?

In its first full review since agreeing a $16.7bn standby facility earlier this year, the IMF warned that the two main risks it had foreseen – intensification of the conflict in the east and a natural gas shut-off by Russia – had materialised.

Sep 03 10:31

Foreign Ownership of U.S. Government Debt Passes $6 Trillion

For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.

As of the end of June, foreign owners held $6,013,200,000,000 in U.S. Treasury securities, up from $5,976,500,000,000 as of the end of May.

Sep 03 08:41

Europe Must Unite Against Russia: NSA's Alexander

Gen. Keith Alexander (Ret.), former director of the NSA, comments on the escalating situation in Ukraine. He speaks with Trish Regan on "Street Smart."

Webmaster's Commentary: 
Sep 03 06:53

What French Kids Eat For School Lunch (It Puts Americans To Shame!)

There are many theories as to why the French, and French children in particular, do not suffer from weight problems, obesity, diabetes, and hypertension like their American counterparts. Eating moderate quantities of fresh and freshly prepared food at set times of the day is definitely one of the most convincing reasons why they stay lean. Daily exercise, in the form of three recess periods (two 15-minute and one 60-minute recess every day) and walking or biking to and from school, is another.

So what do French kids eat at school?

Sep 03 06:51

Gas costs you THREE times what the energy firms pay: Millions of households being ripped off after wholesale cost halves in six months

British Gas, which supplies around 40 per cent of homes, and other firms are under fire for their costs at a time when the Competition and Markets Authority is holding an inquiry into the energy supply business.

Its parent company, Centrica, announced profits of £900million for the first six months of the financial year. British Gas customers are paying between £1.35 and £1.50 per therm.

Yet the wholesale gas price paid by suppliers has hit a four-year low of less than 42p per therm, down from 72p in December.

Sep 02 14:47

JIM WILLIE — Critical Geopolitical & Monetary Update: NATO is Falling Apart & Germany is Breaking Away From the U.S.

Dr. Jim Willie presents some important recent developments that bode ill for the dollar as Germany, France and other former allies and partners of the US are now aligning themselves with Russia, China and the BRICS bloc. Also, Willie’s source claims Blackwater mercenary group has been captured in Ukraine. “NATO is dead.”

Sep 02 12:35

NATO summit: War or peace?

Twenty-five kilometers of fifteen-foot high, reinforced steel-mesh crowd proof fencing. 20,000 heavily armed, well equipped and dark-uniformed militia have started arriving daily. Military defense plans have been finalized. Already, adrenaline is in the air. There is a fight coming. Is this Gaza?

No. This is the NATO Summit. You, your civil rights, your quest for peace, and your demand for a return to real democracy and pursuit of happiness are not wanted here.

You do not matter!

Sep 02 10:01

FLASHBACK - Venezuela quiting the IMF and World Bank

Venezuelan President Hugo Chavez announced on Monday that his country had decided to withdraw from the International Monetary Fund (IMF) and the World Bank.

Chavez made the announcement at an event to celebrate workers’ rights.

Webmaster's Commentary: 

And that was when Hugo Chavez (and all of Venezuela) made the Special High Interest Targets list, because private central banks cannot allow any nation to operate free from their predations or it sets a bad example for the other slaves!!

Sep 02 09:25

African Bank Probed by Central Bank Following Collapse

African Bank Investments Ltd. (ABL), the South African unsecured lender which collapsed last month after mounting losses, will be investigated by the central bank for evidence of fraud, reckless lending and lack of disclosure.

Sep 02 08:58

Afghanistan's economy is on the verge of a collapse

Power vacuum looms over Afghanistan as UN delays the date for announcing the result of presidential elections to mid-September despite Karzai's plans to leave office next week. Afghan President Hamid Karzai, who came to power after the US-led invasion that toppled the Taliban in 2001, has set a deadline for a new president to take office, but a clear winner has yet to emerge after two rounds of voting. If this happens the country will be literally headless. But during this time of crisis when country's economy is crumbling and a strong leadership is required for drawing down a plan to save Afghan economy from going into deep depression.

People are hoarding their money out of fears of having to flee the country as they fear outbreak of a civil war which gored Afghanistan 1992. This all is because of the political impasse that stares large on the Afghans.

Webmaster's Commentary: 

So, all the US/NATO invasion and occupation has done has been to destroy what little infrastructure there was, and make opium production Afghanistan's top crop of choice.

Just brilliant.

Sep 02 08:46

Nato Plans 'Spearhead' Force To Face Russia

Nato is set to create a high-readiness force and stockpile military equipment in Eastern Europe as a bulwark against potential Russian aggression, the alliance's chief has said.

Secretary General Anders Fogh Rasmussen said the proposed new force could be comprised of several thousand troops contributed to on a rotating basis by the 28 Nato countries.

Backed by air and naval assets, he said the unit would be a spearhead that could be deployed at very short notice to help Nato members defend themselves against any threat, including from Russia.

Nato leaders are to consider the plans at a summit this week in Wales that is likely to be dominated by how the US-led alliance should respond to the Russian-backed separatist uprising in eastern Ukraine.

Ukraine is not a member of Nato, but its UK ambassador told Sky News he backed the move and appealed for Ukraine's allies to step up sanctions and provide military help now.

Webmaster's Commentary: 

The behaviour on the part of NATO, considering that Ukraine is not a part of NATO at this time, can only be characterized as very odd, in light of the fact that they are hyping the formation of a RRF (rapid reaction force)to come to Ukraine's aid against alleged Russian "aggression", when Russia has not been aggressive against Ukraine in the slightest, and that is what OCSE reports on the border have consistently indicated.

It appears that NATO and the US have decided to curtail Russia's economic growth with a war, and Ukraine is simply the excuse.

But were I Poroshenko, I would hesitate to necessarily hitch my geopolitical/economic/military wagon to NATO and the West.

IF past is prologue, he may want to examine the absolute flustercluck NATO and the US have created in Afghanistan, 13 years on, and wonder - very seriously - if what he has done will ultimately have been the right move for the future of his people.

Please, if you have already not done this, now is the time to take care of yourselves and those you care about. Get storable food, water, extra medications, and figure out how you will defend your home in a way with which you are both comfortable and educated.

Something wicked this way comes, and although I don't want to come across as Mrs. Chicken Little of Hawaii, 2014, preparation right now is critical.

I am very concerned about what I see as the US government marching to war against Russia. And unfortunately, just because an idea is the most ham-fistedly, pig-headedly stupid thing this government could possibly do right now, is absolutely no guarantee that they won't do it, and most probably before the mid-term elections....if, in fact, they are held, and we do not see a decree of martial law, to crush dissent against it.

Sep 02 08:21

Not just Argentina: Other nations in debt doldrums

Argentina's lengthy debt saga returned to the spotlight last week, with its second default in only 12 years triggering George Soros and other investors to sue Bank of New York Mellon for withholding interest payments.

This came after Argentina refused to comply with a U.S. legal ruling ordering it to repay $1.3 billion to creditors, triggering a selective default. Moody's Investors Service downgraded its outlook for the country's debt to "negative" at the end of July and confirmed its long-term credit rating at "Caa1"—meaning it views Argentine debt as a highly risky investment at the precarious end of the "junk bond" spectrum.

Argentina is, nonetheless, only one of several countries whose shaky finances leave them on the brink of being unable to repay their obligations. Moody's currently rates 10 other countries' debt as equally or even more risky than that of Argentina. These span the globe, from nearby by Venezuela and Ecuador to Pakistan and Greece.

Webmaster's Commentary: 

In the list that is shown, one interesting factor is that the United States, which is at least 18 trillion dollars in debt (that we know of) is not listed as a country with an economy in deep trouble.

Sep 02 08:07

Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street

When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.

Webmaster's Commentary: 

Sep 02 07:28

Student debt becoming a larger albatross for economic growth: $1.2 trillion in student debt is outstanding and many college graduates working in jobs that don’t require their degree.

There was a time when going to college made sense in every feasible way. It made sense professionally, economically, and many college graduates have a wonderful time in the process of completing their degrees. Most would argue that learning is vital in growing and moving forward. Yet students need to ask whether their return on investment is really worth it? Many people go to college in a compulsory fashion. This is simply the next step after high school. This was an easy decision to make during a time when the costs of going to college were affordable. Today, many schools charge $40,000 and $50,000 per year for a basic undergraduate degree. That is problematic. A large number of recent graduates are now working in positions that don’t require their specific field of study. In other words, they are employed in a field different from their undergraduate degree but still carry forward with mounds of debt.

Sep 02 07:18

The DSKing Of Christine Lagarde: IMF Head Formally Charged In Fraud Probe